Eagle Asset Management Inc. Purchases 149,628 Shares of Realty Income Co. (NYSE:O)

Eagle Asset Management Inc. grew its stake in shares of Realty Income Co. (NYSE:O) by 71.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 357,950 shares of the real estate investment trust’s stock after buying an additional 149,628 shares during the quarter. Eagle Asset Management Inc.’s holdings in Realty Income were worth $22,701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of O. Pacifica Partners Inc. grew its stake in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of Realty Income during the second quarter worth $33,000. Creative Capital Management Investments LLC lifted its holdings in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Realty Income during the second quarter worth $42,000. Institutional investors own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Realty Income Trading Up 0.1 %

NYSE:O opened at $57.45 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $60.76 and a 200-day moving average of $58.07. The company has a market cap of $50.28 billion, a PE ratio of 54.71, a PEG ratio of 4.04 and a beta of 0.99. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. As a group, equities research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.50%. Realty Income’s payout ratio is presently 300.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on O shares. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $64.00 to $60.00 in a report on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.85.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.